Gary Ginsberg, executive VP-corporate marketing & communications at Time Warner, took a 47.8 percent cut in total compensation to $3.2M last year, according to today's Securities and Exchange Commission filing made by the media giant.
Stock awards of $3.2M bolstered Ginsberg's 2016 pay package to $6.9M.
Ginsberg, who served in Bill Clinton's administration as White House counsel, joined TW in 2010 after eleven years at Rupert Murdoch's News Corp., where he served as executive VP marketing & corporate affairs. He served as Murdoch's liasion to the Democratic party.
Meanhile, Jeff Bewkes, TWC's CEO, received a 50 percent boost in total comp to $49M, a package that includes $32M in stock awards.
AT&T has proposed an $85B takeover of TWC, a transaction opposed by Donald Trump and the Justice Dept.